EXXARO on 8 month high

[#1]

any predictions where this might lead?

[#2]

My target is R 86

[#3]

Now R 81.00

[Theater_Cat]

R69 - just wait for US markets to come undone.

[#5]

I agree, profit taking is way overdue, it has to come down to some kind of support level.

[#6]

82

[#7]

great call hennie. i took profits too early as at 74 when bought at 62. shorted in the 77's which would have been great if I had taken the profits when pulled bk to 69 but was too gready and now sitting with a fat loss at 82.20. What did you base your target of 86 on and do you you see a pullback before then? will get auto closed out at 82.60!!

[#8]

Hi Barnard, only been focusing on the weekly charts have a look higher highs .... higher lows ....http://www.chartupload.com/viewer.php?file=6ir3fz7qxtbpf5vi42aa.png

[JPDR1]

Barnard, I did almost the exact same thing you did, but I agree that profit taking is overdue. Volume today was very low and all indicators are in the red.

[#10]

Hi JPDR1. Looking at where US markets closed, and the overbought status and low volumes of Exxaro we may get some respite tomorrow. The question will be if we do, how long to ride the short bk down!

[JPDR1]

Don't think it will go to previous lows, will have to rely on tight stop-losses to do the trick.

[#12]

83, 84, 85, 86 HEHEHEHE !!